Allianz announces excellent performance and is fully on track for full-year ambitions

2Q 2025 Allianz achieves strong growth and record operating profit

Total business volume rises 8.01 percent to 44.5 billion euros, supported by good growth across all segments

Read the complete report here: Allianz | Earnings release 2Q 2025

Operating profit increases 12.2 percent and reaches a record level of 4.4 billion euros, with particular strong contribution from the Property-Casualty segment

Shareholders’ core net income advances by 17.3 percent and reaches 3.0 billion euros. Adjusted for the 0.3 billion euros disposal gain on the UniCredit Joint Venture, shareholders’ core net income increases 7.1 percent

6M 2025 Excellent performance across our businesses and record operating profit

Total business volume grows 10.11 percent and reaches 98.5 billion euros, with contributions from all segments

Operating profit increases 9.3 percent to 8.6 billion euros, our highest half-yearly operating profit ever, reaching 54 percent of our full-year outlook midpoint

Shareholders’ core net income advances 9.5 percent to 5.5 billion euros

Core earnings per share grow 11.3 percent and reach 13.99 euros

Annualized core RoE is excellent at 18.5 percent

Adjusted for the one-off tax provision related to the forthcoming sale of our stake in our Indian Joint Ventures in 1Q and the disposal gain on the UniCredit Joint Venture in 2Q, shareholders’ core net income increases strongly by 6.2 percent, core earnings per share rise 7.9 percent and our annualized core RoE is at a very strong level of 17.9 percent

Solvency II capitalization ratio remains strong at 209 percent2 with excellent capital generation

Outlook & other

Allianz is fully on track to achieve its full-year operating profit outlook of 16.0 billion euros, plus or minus 1 billion euros3

Share buy-back program of up to 2 billion euros announced on February 27 underway; 1.0 billion euros completed in the first six months of 2025

“Allianz has delivered record results in the first half of the year, underpinned by sustained growth and a disciplined focus on productivity. The value and relevance of our products help us to retain and expand our customer base. Our diversified mix of businesses, global reach, and consistent execution bring opportunity and momentum, placing us on track to deliver on the ambitions set out at our Capital Markets Day in December,” says Oliver Bäte, Chief Executive Officer of Allianz SE.